Everest Group Q4 Adj EPS $25.18 Beats $14.66 Estimate, Sales $3.58B Miss $3.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
Everest Group (NYSE:EG) reported Q4 adjusted EPS of $25.18, surpassing the $14.66 estimate, marking a 106.22% increase from last year. However, its sales of $3.58B fell short of the $3.68B estimate, despite being an 18.79% increase from the previous year.
February 07, 2024 | 9:22 pm
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Everest Group reported a significant beat on adjusted EPS at $25.18 vs. the $14.66 estimate and a 106.22% increase from last year, but missed sales estimates with $3.58B against the expected $3.68B.
The significant beat on EPS is likely to positively impact investor sentiment and stock price in the short term, despite the slight miss on sales estimates. The strong earnings growth indicates operational efficiency and profitability, which are key drivers of stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100